Texas - Law of Contracts - Real Estate
EXAM QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) A sewer system is NOT - Correct Answers ✅Included in the description of land Joint Tenancy - Correct Answers ✅If one tenant dies, the decedent's share of interest passes to surviving tenant(s).Manufactured Housing - Correct Answers ✅Considered Real Property in Texas if Owner chooses to treat it as such.Conveyance Deed - Correct Answers ✅Transfers permanently fixed objects attached to a home such as a permanently attached deck.Abstract of Title - Correct Answers ✅A summary of title search found in public records.When a joint tenant passes away the deceased property transfers to - Correct Answers ✅Surviving joint tenant Indestructibility is - Correct Answers ✅A physical characteristic of land Fee simple ownership, shared walls, and common areas are similar to - Correct Answers ✅Town-house ownership 1 / 3
Texas - Law of Contracts - Real Estate
EXAM QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) A business organization may NOT - Correct Answers ✅Own property as a tenancy by the entirety Police power is an example of a governmental power such as
- Correct Answers ✅a city appointing its citizens to zoning
- The buyers of A and C will probably be granted this by
and building boards to create codes and zoning ordinances.Mortgage liens are - Correct Answers ✅Voluntary liens Mechanics' liens - Correct Answers ✅are not voluntary liens.Estates in real property are - Correct Answers ✅Created by a deed and or a bill of sale When real estate taxes are not paid on time a - Correct Answers ✅Lien will be filed by the taxing authority Easement by Necessity - Correct Answers ✅Jane and Bill divided their 60-acre property into three 20-acre parcels (lots A, B, and C). A and C can only access the public road through
court action. 2 / 3
Texas - Law of Contracts - Real Estate
EXAM QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) Accretion is land being acquired by - Correct Answers ✅Deposits from a river and or stream RESPA - Correct Answers ✅Real Estate Settlement Procedures Act is a federal act and applies to any residential real estate transaction involving a new first mortgage loan. It is designed to ensure that the buyer and seller are both fully informed of all settlement costs.When an executory contract is in place and a zoning change takes place the - Correct Answers ✅Contract becomes void A seller promised to sell and a buyer agrees to buy for a certain amount and out in writing; this is called a - Correct Answers ✅Bilateral contract A breach of contract is NOT - Correct Answers ✅When an agent who has a listing cannot produce a ready, willing and able buyer The Broker-Lawyer Committee - Correct Answers ✅Drafts but does not publish/promulgate forms.A listing agreement is - Correct Answers ✅An employment contract
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